NNPC to Check IPMAN’s Threat with 25 Incoming Petrol Vessels

The Nigerian National Petroleum Corporation (NNPC) Thursday said it is expecting 25 vessels filled with petrol to berth in Nigeria’s waters between now and January 2018, indicating that it is ready to ensure that the recent supply complaint made by the Independent Petroleum Marketing Association of Nigeria (IPMAN) against it does not disrupt distribution and sale of the product across the country.

The Lagos branch of IPMAN had reportedly threatened to withdraw its services from December 11 over claims the NNPC breached a bulk purchase agreement it reached to sell fuel to its members at N133.28k per litre. It also claimed its members were getting petrol from the Depot and Petroleum Products Marketers Association (DAPMAN) at N141 per litre and incurring trade deficits.

However, in a statement signed by NNPC’s Group General Manager, Public Affairs, Mr. Ndu Ughamadu, in Abuja, the corporation stated that it was committed to ensuring abundant supply of petrol across the country to ensure citizens have enough within the festive season.

It also clarified that its Ejigbo Satellite Depot was fully stocked and carrying out regular loading services.

NNPC also said the depot had consistently dispensed petrol at the approved price of N133.28 per litre and that IPMAN’s claims were untrue.